SYDNEY: CardieX announced that the Company’s ATCOR medical device division has officially partnered with Chinese healthcare industry Limited as its new national distributor in China. Auden will further commercialization efforts for ATCOR’s non-invasive central blood pressure (NcBP) monitoring technology in public and private hospital channels as well as sports medicine institutions in the Greater China…
WANdisco and Microsoft presented jointly developed Azure embedded solution at Ignite conference
LONDON: WANdisco Plc co-presented with Microsoft at the vendor’s customer and partner event, Ignite, illustrating how WANdisco is deeply embedding Fusion into the Microsoft Azure platform. The partnership is expected to become revenue generating in full year 2020. WANdisco is the live data company for machine learning and AI. This jointly developed product with an…
Swiss watch maker Breitling assigned ‘B’ ratings with positive outlook
MILAN: Breitling Holdings can achieve profitable growth, with consolidation of distributors, positive performance of new collections, and increasing penetration in China supporting S&P Global Ratings-adjusted debt to EBITDA of 6.5x-7.0x. Breitling Holdings intends to increase its senior secured debt by Swiss franc (CHF) 295 million euro-equivalent to pay a special CHF 158 million dividend to…
AM Best affirms credit ratings of KB Insurance Co and Fubon Insurance Co
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of KB Insurance Co., Ltd. of South Korea. The outlook of these Credit Ratings is stable. The ratings reflect KBI’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate…
Halfords Group announces acquisition of McConechy’s Tyre Service
LONDON: Halfords Group plc has announced the acquisition of McConechy’s Tyre Service Limited, one of the largest independent garage chains in the UK. The acquired business comprises of 60 sites and 100 vans across Scotland and the North of England, providing tyre fitting and vehicle servicing, maintenance and repair for both retail and commercial vehicles….
Inchcape agrees to acquire Autolider, a distributor of Daimler brands, for £47mn
LONDON: Inchcape plc has agreed to acquire Autolider, a distributor of Daimler brands, for £47 million. The enterprise value of £47 million represents a multiple of c.8.5x on 2018 EBIT. Completion is expected in Q4 and will therefore contribute minimal profit to FY19. Inchcape is the leading independent multi-brand Automotive distributor with global scale, and…
Ontario’s economic and fiscal outlook: government implements plan to build Ontario together
TORONTO: The Ontario province’s current 2019-20 deficit outlook is $9 billion; $1.3 billion lower than the target projected in the 2019 budget. “We will continue to implement our prudent and responsible approach to fixing our finances, balancing the budget by 2023, so that we can make critical investments and provide relief for families and businesses,”…
Cann launching imported medicinal cannabis products
VICTORIA: Cann Group Limited is launching a range of imported medicinal cannabis products for supply to approved Special Access Scheme (SAS) patients. Cann has entered into a distribution agreement with Symbion Pty Ltd, which supplies healthcare services and products to more than 4000 retail pharmacies and 1300 hospitals throughout Australia. Symbion will carry Cann’s full…
Bouvet posts strong growth in operating revenues
OSLO: Bouvet ASA, a Scandinavian consultancy, announced operating revenues of NOK 460.9 million for the third quarter of 2019 ended 30 September 2019, compared with NOK 395.4 million in the same period of last year. Operating profit (EBIT) came to NOK 32.6 million, compared with NOK 20.1 million in the third quarter of 2018. Operating…
DOF Subsea gets contracts in Trinidad and GoM
OSLO: DOF Subsea has announced multiple contract awards from undisclosed clients in two important growing regions, Trinidad and US GoM. Skandi Neptune has been awarded a 3-year frame agreement for IMR and light construction services with a major operator in Trinidad. She will commence operation in Trinidad late November for the 1st offshore inspection campaign….
Emerge sings agreement to commercialise ArcadeX in South Africa
SUBIACO: Emerge Gaming Limited has signed a billing and distribution agreement for ArcadeX with leading South African full solutions mobile aggregator WorldPlay Mobile Solutions Emerge Gaming is the operator of online eSports and casual gaming tournament platform and lifestyle hub ArcadeX. WorldPlay is a direct carrier billing Aggregator and Content Distributor which provides mobile payment…
AppsVillage signs partnership agreement with Fundomate
SYDNEY: AppsVillage Australia Ltd, an SMB SaaS solutions provider, has signed a partnership agreement with Fundomate Incto offer AppsVillage SMB customers a fully automated, one-click funding solution. Fundomate is a US-based funding services provider that a one-click funding platform to small-to-medium-businesses across the USA. Providing small businesses with fast and easy financing, Fundomate’s entirely online…